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Genworth Mortgage Insurance Australia Announces On-Market Share Buy-Back

23 Nov 2021  |  08:39:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Genworth announces on-market share buy-back

Genworth Mortgage Insurance Australia announced its intention to commence, with effect from 8 December 2021, an on-market share buy-back for shares up to a maximum aggregate value of $100m. Based on its closing share price of $2.18 on 22 November 2021, this would represent 11.1% of the Company's issued share capital or around 45.9m ordinary shares. The total number of shares to be purchased by the Company under the on-market share buy-back will depend on business and market conditions, the prevailing share price, market volumes and other considerations.

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